The third phase of research in the development of the individualized leadership theory: focused on whether leaders could develop positive relationships with a large number of followers. argues for the importance of the dyad formed by a leader with each member of the group. evaluated characteristics of the leader-member exchange relationship by exploring communication frequency and value agreement. included the awareness of a relationship between a leader and each individual rather than between a leader and a group of followers.
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This theory is also known as Leader-Member Exchange (LMX) theory. Show more…
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